Starting a Business during an Economic Downturn (COVID-19)

2020-04-03

Business startups have advantages during economic downturns. Profit- Driven & cautious Modest Growth Rate Competitive Disrupters Exploit the weaknesses of your competitors Responsive to the Market Lean and agile Navigate rapidly to economic changes Identify weaknesses of competitors Maximize on opportunities Economy have Problems that entrepreneurs can solve Focus on the customer and the problem (pain point) Find new talent, while big companies are laying o...

Business startups have advantages during economic downturns.

Profit- Driven & cautious
Modest Growth Rate
Competitive Disrupters
Exploit the weaknesses of your competitors

Responsive to the Market
- Lean and agile
- Navigate rapidly to economic changes
- Identify weaknesses of competitors
- Maximize on opportunities

Economy have Problems that entrepreneurs can solve
- Focus on the customer and the problem (pain point)
- Find new talent, while big companies are laying off employees
- Investors may decide to invest in your company

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